Finland: Market for Digital Data Processing Machines: Presented In The Form Of Systems 2022

Market Size for Digital Data Processing Machines: Presented In The Form Of Systems in Finland

In 2021, the Finnish digital data processing machine market decreased by -16.2% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption continues to indicate a abrupt downturn. Digital data processing machine consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Digital Data Processing Machines: Presented In The Form Of Systems in Finland

In value terms, digital data processing machine production rose notably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 206%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Digital Data Processing Machines: Presented In The Form Of Systems

Exports from Finland

Digital data processing machine exports from Finland surged to X units in 2021, picking up by 26% against 2020 figures. Overall, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 57%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, digital data processing machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 53%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Estonia (X units), the United States (X units) and Saudi Arabia (X units) were the main destinations of digital data processing machine exports from Finland, with a combined 43% share of total exports. China, Norway, Italy, Latvia, Malaysia, Russia, Germany, the UK, Sweden and Lithuania lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +60.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Estonia ($X) constituted the largest markets for digital data processing machine exported from Finland worldwide, together comprising 45% of total exports. Saudi Arabia, Italy, Norway, Germany, Russia, Malaysia, the UK, Sweden, Latvia and Lithuania lagged somewhat behind, together comprising a further 39%.

In terms of the main countries of destination, Malaysia, with a CAGR of +58.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average digital data processing machine export price amounted to $X per unit, with an increase of 5.3% against the previous year. Overall, the export price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 40%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Latvia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Digital Data Processing Machines: Presented In The Form Of Systems

Imports into Finland

In 2021, overseas purchases of digital data processing machines: presented in the form of systems decreased by -14.8% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2016 when imports increased by 29% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, digital data processing machine imports fell to $X in 2021. Overall, imports showed a noticeable slump. The pace of growth was the most pronounced in 2018 when imports increased by 30%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Poland (X units), Sweden (X units) and the Netherlands (X units) were the main suppliers of digital data processing machine imports to Finland, with a combined 88% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +17.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Poland ($X) constituted the largest supplier of digital data processing machine to Finland, comprising 52% of total imports. The second position in the ranking was taken by Sweden ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+2.7% per year) and the Netherlands (+16.4% per year).

Import Prices by Country

The average digital data processing machine import price stood at $X per unit in 2021, with an increase of 3.1% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 38%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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